BusinessHABOnline Film Production Business:Every day block buster movies are being churned out.
And those who are the helms of affair when it comes to film production are doing all they can.
To see that great movies are produced.
You too can join the bandwagon when you start a film production business.
You do not need any qualification to join the train.
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1. Online Film Production Business
If you’re ready to be in charge of your own destiny.
But don’t have the capital to buy a franchise or open up a storefront.
Consider starting an online business.
When your store is online, you can reach millions of customers instead of whoever happens to wander in – plus.
2. Online Film Production Business
You don’t have to pay for retail space.
However, like with any business, you’ll need an excellent product and a solid marketing plan.
See Steps to learn what it takes to start your business online.
Starting a film production from scratch involves a lot of sacrifices and other expense.
It is indeed a serious business.
Hence critical economic analysis must be conducted.
To ensure that the risks and other threats associated with starting a business.
From the scratch or investing in a business idea are curtailed.
3. Online Film Production Business
If you are considering starting a film production company in Nigeria.
Your concern should exceed beyond restricting yourself.
To just acquiring an office facility and equipping the facility or hiring the best hands in the industry.
You should also be concerned on how to attract clients and secure mouth-watering film productions.
Averagely, setting up and starting a film production company is costly.
As the financial attachments to it is really much.
But with dedication, planning and the right mindset, the output is usually huge and baffling.
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4. Get the Business Background:
Film Production companies are important organizations in the production of film.
These companies may be directly responsible for fundraising for the production or may accomplish this through a parent company, partner, or private investor.
Their tasks also include the handling of budgeting, scheduling, scripting.
The supply with talent and resources, the organization of staff, the production itself, post-production, distribution, and marketing.
5. Online Film Production Business
They can also be mainstream, independent, or completely independent.
A production company would serve under a television network In the case of television.
These companies too can work together in co-productions.
It is a great way to go into the entertainment industry.
You will need to have the passion.
As well as the skill if you want to be a force to be reckoned with in the industry.
Online Film Production Business
7. Get to Know the Demographics and Psychographics
Just like in many industries, the demographic and psychographic composition of those who need the services of film production is indeed wide.
This is basically due to the fact that been an entertainment company.
A large group of people which cuts across the public sector.
The organized private sector, households, communities and people of different class and from all walks of life.
8. Online Film Production Business
Below is a list of the people and organizations that need the services of film production companies;
- The public sector (public facilities et al)
- Organized private sector (Corporate organizations)
- Celebrities
- Businessmen and Businesswomen
- University Campuses and Schools
- Event Planners
- Estates and Communities
- Religious Centers
- Sport Organizations
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9. Get the business idea
List of Niche ideas Within the Film and Video Production Company That You Can Specialize in
Just like in many industries, there are a wide variety of niches that can be ventured in order to succeed as a film production company.
This is due to the fact that, there are quite a lot of niches in the entertainment industry.
Especially in the film production company.
And these niches are critical to the growth and development of the industry.
10. Online Film Production Business
Here are some niches / areas that a film production company can be specialized in;
- Art movie
- Music video production
- TV show production
- Documentaries production
- Script reading
- Film schedules planning
- Checking and approving of locations
- Participating and collaborating with marketing companies
- Film cash flow management
- Sales and distribution of films to target audience
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11. Know the leading groups
List of well – known brands in the Film and Video Production Company Industry
There are usually established brands in any industry.
Brands that have made a mark and have successfully registered their names in history.
Cannot be left out in the scheme of things.
The film production industry is also populated with brands that have made their mark.
And have been instrumental in the success of the industry till date.
12. Online Film Production Business
Here are some of the leading film production companies in the world
- 3ality Digital
- 40 Acres and a Mule film works
- 606 films
- 2929 productions
- Allied Artists pictures corporation
- Amblin Entertainment
- American international pictures
- American zoetrope
- Artisan Entertainment
- Blue star studios
- Capitol films
- Castle rock
- Caravan pictures
- CBS Films
- Cinemation industries
13. Know the Best Insurance Needed
Besides, the nature of the film industry.
Requires that you have the proper insurance cover in place.
Or else you will be forced out of business if anything goes wrong with your production.
So, it is important to create a budget for insurance.
And perhaps consult an insurance broker to guide you in choosing the best insurance policies for your film production company.
It is their duty to help you assess the risks involved in the type of film production business you intend running and then advice you accordingly.
14. Online Film Production Business
Here are some of the basic insurance covers that you should consider purchasing.
If you want to start your own film production company in the world:
- General insurance
- Health insurance
- Risk Insurance
- Payment protection insurance
- Liability insurance
- Workers compensation
- Overhead expense disability insurance
- Business owner’s policy group insurance
15. Get the Legal Documents
If you are considering starting a film production company.
Then you are expected to meet the legal documents requirements as stipulated in the constitution of your country.
These are some of the basic legal document.
That you are expected to have in place if you want to start a film production company online:
- Certificate of Incorporation
- Security Clearance Certificate
- Business License
- Business Plan
- Non – disclosure Agreement
- Memorandum of Understanding (MoU)
- Apostille
- Employment Agreement (offer letters)
- Operating Agreement
- Company Bylaws
- Operating Agreement for LLCs
- Insurance Policy
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Online Film Production Business
16. Define your service.
Starting an online business gives you the benefit of having access to millions of customers.
But you also have a lot more competition.
No matter what you’re trying to sell.
You can bet that hundreds more online retailers have a similar idea.
What differentiates your product from other similar products?
To help your product stand apart from the rest, you’ll need to find a niche.
- Let’s say you make jewellery—but so do a few million other people.
- What makes yours different? If one-of-a-kind jewellery (or another product) is your gig, make sure it’s truly original.
- Offer expertise in an area. Even if the product itself isn’t very unique, your expertise might be a strong selling point. If you’re selling a line of skincare products, for example, it helps if you have a degree in a field related to skin health.
- Check into the competition. Figure out what isn’t already being offered, and find a way to fill the hole with your product.
17. Register your business.
Your business needs to be registered according to your state’s laws.
Choose an official business name and fill out the appropriate paperwork to make your business official.
- Before you register your business, it can help to have a business plan laid out.
- Consider your production costs, shipping costs, taxes, and web hosting fees.
- Know the business regulations in your state, and be sure to comply when you get things up and running.
18. Register a domain name.
Like the name of any other business, go for something short and catchy that will be easy for people to remember.
Visit the website of a domain registration company and test out some of the names you’re interested in to determine whether they’re available.
Once you land on a good name, go ahead and register it.
19. Get a web hosting service.
There are free hosting services to be found.
But if you’re serious about running an online business long term.
Consider paying for one that offers all the services you need.
You’ll be less likely to run into problems when your business starts to take off.
Choose a hosting service that allows for growth.
- Some hosting services are highly structured, allowing you to choose from among different templates to create a website quite easily.
- Others allow you to do your own programming, giving you greater flexibility.
20.Create a stylish and functional website.
Elegant or funky, classical or hipster, your online store should reflect what you’re selling.
No matter what your style is, it’s important to give off a professional air.
Since you won’t be able to earn people’s trust in person, your website will have to do the selling for you.
Your site should be engaging, and most importantly.
Easy for customers to use when they’re ready to make a purchase.
21. Online Film Production Business
- Make sure your site design matches your product.
- For example, if you make traditionally styled diamond jewelry.
- Having a website that looks like shredded cardboard with edgy fonts and images taped to the cardboard would tend to drive away your potential customers.
22. Consider setting up an online portfolio.
Whether you are a programmer who specializes in Javascript.
A graphic designer who works on commissions, a plumber who is on call 24/7.
Or a copywriter who will write about anything at all.
Having an exemplary website.
Where potential clients can evaluate your work is crucial to your online business success.
- You don’t have to design the website yourself—there are professional designers who are more than up to the task, plus ecommerce websites will offer dozens of appropriate templates for you.
- If you know in advance what you want, you’ll make selecting a designer or a template that much easier.
- When designing your site you need to remember to focus on what is important.
- Your ultimate goal is to make your site simple and easy to use.
- Your customers should have to make no more than 2 clicks in order to land on the page where they can make a purchase.
Online Film Production Business
- The top of every page should have a link to your shopping cart if its an ecommerce store
- Buttons should be large and clear to read and input boxes should be large and easy to enter your information
- Less is more. Don’t be wordy when you don’t need to on payment pages
- Make sure your logo at the top of the page always links to the homepage
- If you have dark backgrounds use light text and vice versa.
23. Get ecommerce software.
You’ll need this so your customers can view your products.
Enter their information and make a secure purchase.
The software safely stores customer information.
Don’t skimp in this area, since the ecommerce software you choose will make a big difference in how easy it is for customers to feel secure buying something from your store.
- You can also use an all-inclusive ecommerce web service.
- Sites such as Shopify and Volusion offer competitive packages, with free templates, custom packages, credit card processing, and more.
- Ecommerce web services makes it easy to sell your products on the web, without a lot of overhead.
- There are no custom interfaces or templates to work with; you simply create an online store within the framework of the service.
24. Set up a merchant account.
Service businesses in the past had to generally rely on cash or check.
Setting up an entire credit card processing system was a thankless, expensive task at best.
Using a service such as PayPal makes it possible to accept virtually any form of credit or debit card for your services.
And includes dispute resolution should the need arise (and it will arise).
25. Add catchy content to your site.
Focus on your key areas of expertise, and display them professionally.
Much like you would do when having potential employers contact references.
Put your best foot forward for potential clients.
26. Include descriptions, where appropriate or necessary.
- Don’t use jargon. If you are offering technical expertise, include descriptions that appeal to your client base, not your peers.
- For example, if you are showing that you can code with PHP and AJAX, don’t say “in this case, if the input field is empty (str.length==0),
- The function clears the content of the txtHint placeholder and exits the function.” The person who needs you to work on their site will just scratch their head and say “huh?” Say, instead, “Start entering text into this field, and it will auto-complete.”
Online Film Production Business
27. Be social.
Whatever your business, whatever your venue.
Keeping your name in the air is key to internet success.
Have a business account on Facebook, Twitter, and LinkedIn.
If your business is graphically oriented, have accounts on Flickr and Tumblr as well.
Whenever there is news of any kind—a new contract, a new page, a new entry, a new photo—cross-post it to all your social media sites.
Also make sure those sites link back to your main website, and that your website has links to all of them.
28. Financing Your Film Production Company
If you choose to start your film production company on a small scale.
Which is even quite difficult, you might not need loads of resources to launch the business.
But if you decide to start on a large scale.
You will sure need to raise the required start – up capital to launch the business.
When it comes to financing a business.
29. Online Film Production Business
One of the first thing and perhaps the major factors that you should consider is to write a good business plan.
If you have a good and workable business plan in place.
You may not have to labour yourself before convincing your bank.
Investors and your friends to invest in your business.
30. Online Film Production Business
Here are some of the options you can explore when sourcing for start – up capital for your film production company;
- Raising money from personal savings and sale of personal stocks and properties
- Raising money from investors and business partners
- Applying for loan from your bank / banks
- Pitching your business idea and applying for business grants and seed funding from donor organizations and angel investors
- Source for soft loans from your family members and your friends.
31. Choosing a Good Location for Your Film Production Company
Choosing a location for your business is not what you should do without due consultation.
The truth is that if you get it wrong with the location where you have decided to pitch your business tent.
You are more likely going to struggle to make headway with the business.
One of the major reasons why businesses struggle.
Fail and eventual close shop is the fact that the owners decided to choose a wrong location for the business.
Thus as a newbie who is just starting out in the industry.
It is important that you locate your business in an area with healthy business activities.
32. Online Film Production Business
These are some of the factors that you should consider.
Before choosing a location for your film production outfit;
- The demography of the location
- Accessibility of the location
- The numbers of private security companies in the location
- The local laws and regulations in the community / state
- Traffic, parking and security et al
33. Know the service processes
The Services Process Involved in the Film and Video Production Industry
The services process involved in the film industry depends on the niches of film production a company is into.
On the average, the process starts with biding for a production.
Once the contract is won, then it is expected for the entire contract document to be signed and advance payment made as required.
Once this is done, the company will go ahead with production, and work meticulously to ensure that everything pans out well.
Online Film Production Business
34. Know the Marketing Plan
This business is very competitive, and you must really be very careful in order to succeed therein.
The truth is that if you have highly qualified.
Trustworthy and successful security professionals in your board and core management team.
It will definitely give you leverage in the market place.
35. Here are some of the platforms you can utilize to market your film production company;
- Advertise your business in relevant business magazines, TV and radio station and also make yourself available for security related talk shows and interactive sessions on TV and Radios)
- List your business on local directories / yellow pages (both online and offline)
- Leverage on the internet to promote your business
- Join local chambers of commerce around you with the main aim of networking and marketing your private security company.
- Introduce your business by sending introductory letters alongside your brochure to all the corporate organizations, community leaders, schools, hospitals, hotels and government offices in your target area.
- Create different packages for different category of clients in order to work with their budgets.
- Engage in direct marketing, referral marketing and also email marketing.
Conclusion
The truth is that, irrespective of the kind of business you run.
Your ability to get all the members of your team on same page at all times is one of the keys you need to successfully run the organization.
As the chief executive officer or president of a film production company.
It is you responsibility to give direction to the business.
Part of what you need to do is to ensure that you create time for office meetings.
A time where challenges, feedbacks, projections and relevant issues are discussed.
The meetings could be daily, once in a week, twice a week or once in a month.
The bottom line is that there should be consistent meetings in your organization.
Since the production company has to do mainly with people.
Online Film Production Business
It is necessary that you carry out appraisals on a regular basis and training your employees will help you run your organization effectively.
Encourage your employees to pursue certifications in their various areas of specialization.
It will help your organization’s profile and of course it will help the individuals.
You can choose to fully or partially sponsor some of the certifications.
Lastly, you should keep your doors open for suggestions from members of your team and your clients.
It is very important to reward excellent performance in your organization.
It will go a long way to encourage healthy competition in your organization.
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